Financing and Closing
The acquisition will be funded through cash on hand and up to $1 billion of non-interest-bearing, nonvoting preferred stock to Pershing Square Holdings Ltd., which will manage Vantage’s assets fee-free to optimize investment returns and align the interests of policyholders and shareholders.
The transaction is expected to close in the second quarter of 2026, pending customary regulatory approvals.
Legal Teams
Howard Hughes’ Latham team is led by corporate partners Gary Boss, Kirsten Gaeta, Andrew Elken, and Michael Haas, supported by specialists in debt finance, tax, employee benefits, data privacy, trade controls, antitrust, and representations and warranties insurance.
Vantage’s Debevoise advisors include Emily Huang, Alexander Cochran, Jonathan Levitsky, J. Michael Snypes, and Michael Bolotin, covering M&A, employee benefits, executive compensation, and tax matters.
The Howard Hughes to Acquire Vantage deal signals a transformative step for both firms, combining financial strength, global insurance expertise, and analytical sophistication to drive growth in a competitive specialty insurance market.
